In 2023, banks were charged UAH 73.5 billion in income tax, up 10-fold YoY. This was reported by Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, in a Telegram message. “The accrued income tax in 2023 amounted to UAH 73.5 billion, which is 10 and 11.5 times more than…
Latvian banking sector has the lowest customer service quality in Baltic States, according to results of an annual customer service quality study by Dive. The company notes that among the three Baltic States, the best customer support service is found in Lithuania, which has a score of 94.02%. Estonia was next – this country’s banking…
In a recent announcement, the Bulgarian National Bank has confirmed that the base interest rate for February will stand at 3.79%, maintaining the status quo from January. This decision follows a marginal reduction of 0.01% made in December 2023. The consistent rate, effective from February 1, underscores the central bank’s cautious approach to monetary policy.…
The National Bank of Ukraine (NBU) sold $421.3 million on the interbank foreign exchange market last week. According to the results of foreign exchange interventions, from January 22 to January 26, the NBU sold $421.3 million and bought $0.52 million on the interbank foreign exchange market. Since the beginning of 2024, the central bank has…
Recent data released by the Bulgarian National Bank (BNB) reveal a significant uptick in both deposits and loans during December 2023, signifying positive economic dynamics in the country. Non-financial corporations saw a noteworthy increase in deposits, amounting to BGN 43.829 billion, marking a substantial 9% surge compared to the same period in the previous year.…
The National Bank of Ukraine (NBU) sold $531 million on the interbank foreign exchange market over the past week. These are the results of currency interventions published on the central bank’s website. From January 15 to 19, the National Bank sold $531 million and purchased $0.1 million on the interbank foreign exchange market. Since the…
The majority in Bulgaria’s parliament has given the green light to the first reading of a new law governing the Bulgarian National Bank (BNB), marking a pivotal moment in the country’s journey toward Eurozone accession. The legislation, if passed, will play a crucial role in facilitating Bulgaria’s entry into the Eurozone. The proposed amendments address…